1 / 28

Listing in London Santiago 12th June 2008

2. Global platform for global institutional investors. . . . . Global institutional investor base. . Local market. . . US Institutional Investors. 144A. . Regional fundsand retail investors. USA Middle EastAsia Eastern EuropeEurope UK . . 3. . Source: London Stock Exchange statistics ? December 2007.

patia
Download Presentation

Listing in London Santiago 12th June 2008

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    2. 2 Global platform for global institutional investors

    3. 3 London Stock Exchange - key statistics

    4. 4

    5. 5

    6. 6 Leader in cumulative capital raised at IPO

    7. 7 Comparing UK and US as listing locations London and New York exchanges offer optimal profile London has world’s highest reputation for regulation and governance Principles-based (UK) versus rule-based (US) approach London has the most liquid equity market in Europe London has the world’s most successful growth market (AIM) London Stock Exchange offers world’s only location for liquid and transparent trading of GDRs London combines simple, flexible disclosure with high reputation of regulators US disclosure regime more prescriptive, exacerbated by need to protect against opportunistic securities litigation London offers rapid turnaround by regulators, and limits the time regulators can take to approve offer documents US: SEC review periods longer, with no certainty on turnaround time AIM offers potentially shorter transaction timetable

    8. 8 Comparison of international listing locations

    9. 9 An intelligent approach to regulation

    10. 10

    11. 11 Corporate governance: overall rating by country

    12. 12 Main features

    13. 13 The widest choice of proven global markets

    14. 14

    15. 15 The widest choice of proven global markets 593 (country of primary business non-UK)593 (country of primary business non-UK)

    16. 16 AIM – critical mass to support growth

    17. 17

    18. 18 Raising new and further capital on AIM

    19. 19 AIM - company size

    20. 20 A diverse market

    21. 21 AIM – The market of choice for growing Mining companies

    22. 22 Flexible regulation Admission Rules No minimum size to be admitted No minimum financial history required No minimum amount of shares to be in public hands In most cases, no prior shareholder approval required for transactions Admission documents not pre-vetted by Exchange or UKLA but by nominated adviser Nominated adviser (Nomad) required at all times

    23. 23 Continuing obligations AIM companies are subject to the AIM Rules which outline the continuing obligations of being on a public market. Key continuing obligations are: AIM companies must have a Nomad at all times, otherwise they will be suspended from the market AIM companies must disclose all price sensitive information in a timely manner including substantial transactions, related party transaction, reverse takeovers and other miscellaneous transactions Half yearly and annual report and accounts required in adherence with deadlines All directors accept full responsibility, collectively and individually for the AIM Rules Restrictions on deals for directors and applicable employees on AIM securities during close periods UK Corporate Governance standards as best practice

    24. 24

    25. 25 Institutional Investors on AIM – Most active

    26. 26 Institutional investors understand AIM

    27. 27 To summarise… why choose AIM The world’s most successful growth market An internationally focused, professional investor base Comprehensive research coverage for international companies A more flexible approach to regulation Better value than NYSE or NASDAQ A global platform The Exchange of choice for companies wishing to access the international capital markets

    28. 28 The world’s capital market

    29. 29 Contact us Graham Dallas Head of Business Development – The Americas gdallas@londonstockexchange.com +44 (0) 20 7797 4055 Anne Moulier Business Development Manager– Latin America amoulier@londonstockexchange.com +44 (0) 20 7797 4584 Website: www.londonstockexchange.com

More Related